What, after all, are we to make of a planet with a single superpower that lacks genuine enemies of any significance and that, to all appearances, has nonetheless been fighting a permanent global war with... well, itself -- and appears to be losing?
It's hard to be the good guys when you are also the world's biggest arms dealer and spend more money on defense than the next 15 nations combined. But I think there's a deeper ambivalence about decency in this country.
This country could still slip into default, leading to the worst possible scenario imaginable -- we have to move back in with England. You think it's embarrassing slinking home after graduating college, try waiting 235 years.
The Chinese banking system has been through so much stress during the last few decades, they are in a much better position than the U.S. to deal with the global financial crisis, says Joshua Cooper Ramo.